Starfire Investment Advisers Inc (Southfield)

Name: Starfire Investment Advisers Inc
Address: 3000 Town Center, Suite 2235, Southfield, MI, 48075 1159
Telephone: 248-352-2211

Starfire Investment Advisers Inc is a large advisory firm based in Southfield. It manages $483.64 million of regulatory assets for 932 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, Michigan, and Texas.

Starfire Investment Advisers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, educational seminars and workshops, and consultation services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Starfire Investment Advisers: assets under management

The assets under management (AUM) of Starfire Investment Advisers Inc is $483.64 million. The firm's AUM has grown by 409% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $471.58 million in discretionary accounts and $12.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $531.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $267.96 thousand.

Starfire Investment Advisers has custody of $21.24 million in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Starfire Investment Advisers Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Starfire Investment Advisers serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Starfire Investment Advisers is high net worth individuals with 125 clients and $334.58 million of assets under management. Among the 10 most similar advisory firms, Starfire Investment Advisers has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $415.94 million for 300 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Starfire Investment Advisers doesn't advise any private funds.

Careers at Starfire Investment Advisers Inc

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ronald William Humenny	President and chief compliance officer	1 Aug 1991	75% - 100%	2099076
Starfire Investment Advisers Inc	President	1 Aug 1991	75% - 100%	107178

Based in Southfield

The principal office where Starfire Investment Advisers Inc performs its advisory services is located at 3000 Town Center, Suite 2235, Southfield, MI 48075 1159, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-352-2211 or by fax 248-352-4535. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at starfireinvest.com.